Page 5 - Billionaires Wealth

Asia's 20 richest families control nearly $495 billion, shows data

The Ambanis, Hartonos and Mistrys lead Asia's wealthiest clans

Tax billionaires to fund Covid vaccines for poor hit by pandemic: Oxfam

Anti-poverty organisation Oxfam called for governments to impose a one-time 99% tax on the world's billionaires and use the money to fund expanded production of vaccines for the poor

Collective wealth of top 500 billionaires soared more than $1 trn in 2021

The gains mean there are now a record 10 fortunes in excess of $100 billion, more than 200 above $10 billion

China's tech moguls see $80 bn in combined net worth evaporate in 2021

The drop represents almost a quarter of their total wealth and is the largest one-year decline since 2012, when the Bloomberg index started tracking the world's richest people

Billionaires' club has record 126 members; combined wealth is $728 bn now

Mukesh Ambani of Reliance Industries once again topped the charts with an all-time high net worth of around $104.7 billion (or Rs 7.85 trillion)

Tesla's Elon Musk says he'll pay over $11 billion in taxes this year

The billionaire may face a tax bill of more than $10 billion for 2021 if he exercises all his options due to expire next year, calculations last week by Bloomberg News showed.

Covid pandemic boosts billionaires' share of global household wealth

The World Inequality Report produced by a network of social scientists estimated that billionaires this year collectively own 3.5% of global household wealth

Nykaa looks to triple store count in retail expansion: CEO Falguni Nayar

Falguni Nayar declined to give a timeline for the rollout but said the company was targeting 100 cities.

Elon Musk has now sold more than half the stock he vowed on Twitter

Tesla shares have rebounded 9.4% after initially slumping following Musk's Twitter poll.

Musk exercises Tesla options, sells $1.1 bn in shares after Twitter poll

The move gives billionaire cash to pay for the tax bill associated with the exercising of the options.

Zuckerberg loses $7 bn in hours as Facebook crash takes down firm's stock

Facebook CEO's worth down to $120.9 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index.

New rich overtake old money of chaebol in Korea's billionaire rankings

Brian Kim, the founder of mobile-messaging app Kakao Corp., is the most prominent example with a fortune of $12.9 billion

World's richest people face tax squeeze after 40% rise in their fortunes

G-7's proposals part of global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington.

Chinese billionaire's net worth tumbles $10 bn after Archegos implosion

The billionaire's online tutoring firm, GSX Techedu Inc., has been battered in the stock market

World's 8 richest now worth $1 trillion, added $110 billion this year

Gates's wealth then slumped with the dot-com bubble burst, and he regained the title of centibillionaire only in 2019

How one of world's greatest hidden fortunes was wiped out in days

US billionaire Bill Hwang and his private investment firm, Archegos Capital Management, are at the centre of one of the biggest margin calls of all time.

In 2020 the ultra-rich got richer. Now they're bracing for the backlash

In 2020, as the world convulsed under Covid-19 and the global economy faced its worst recession since World War II, billionaires saw their riches reach new heights

With vaccine rollout, fortunes of these covid billionaires are fading away

Almost $2.2 billion has evaporated from the net worth of Top Glove founder Lim Wee Chai and his family since October

Indian billionaires saw there wealth go up by Rs 12.97 trn during Covid-19

Since March as the government announced lockdown, India's top 100 billionaires saw their fortunes increase by Rs 12.97 trillion

Top headlines: Govt slams e-commerce leaders; Kerala opposes farm laws

This New Year's eve is unparalleled in many ways. With states announcing curbs, here's what you can and can't do